Market Insights Financial Digital Assets

DeFi - Panama

Panama

The DeFi market is expected to witness significant growth in the coming years.
According to projections, the revenue in this market is set to reach US$45.0k by 2024.
This represents a substantial increase in comparison to the current figures.
Furthermore, it is estimated that the revenue will continue to grow at an annual rate of -2.51% from 2024 to 2025.
As a result, the total revenue is expected to reach US$43.8k by 2025.
In terms of average revenue per user, the DeFi market is projected to have an average of US$4.7 per user in 2024.
This figure indicates the amount of revenue generated by each user on average.
It is worth noting that this number is subject to change and may vary across different countries and market segments.
When comparing the DeFi market globally, it is evident that United States leads in terms of revenue.
In 2024, United States is projected to generate the highest revenue of US$73,350.0k.
This highlights the dominance of the United States in the DeFi market and its significant contribution to the overall revenue generated in this sector.
Looking ahead, the number of users in the DeFi market is expected to increase steadily.
By 2025, it is estimated that the market will have approximately 9.73k users users.
This demonstrates the growing interest and adoption of DeFi market platforms by individuals worldwide, including those in Panama.
In terms of user penetration, it is predicted to be 0.21% in 2024 and is expected to rise to 0.21% by 2025.
This indicates the percentage of the population that actively engages with DeFi market platforms.
As the market continues to evolve, it is anticipated that more individuals will embrace DeFi market and contribute to its growth and development in Panama and beyond.
Panama's DeFi market is rapidly expanding due to its favorable regulatory environment and growing interest from local investors.

Key regions: Brazil, South Korea, India, France, Japan

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Analyst Opinion

The DeFi (Decentralized Finance) market is currently experiencing significant growth and innovation. One current trend is the rise of decentralized exchanges (DEXs), which allow users to trade cryptocurrencies without a central authority. Another trend is the emergence of yield farming, where users can earn rewards for providing liquidity to DeFi protocols. Additionally, the integration of non-fungible tokens (NFTs) into DeFi is also gaining popularity, allowing for new ways to collateralize assets.
The growth of the DeFi market is driven by several factors, including the increasing demand for decentralized financial services that are more accessible, transparent, and inclusive than traditional finance. Additionally, the flexibility and programmability of blockchain technology enable the creation of new financial instruments and services that were previously impossible. The availability of decentralized lending, borrowing, and trading platforms also contributes to the growth of DeFi, allowing users to interact with financial markets in a more decentralized and permissionless way.
Looking ahead, the DeFi market is expected to continue growing. Factors that are expected to drive this growth include the ongoing development of new DeFi use cases and applications, the increasing adoption of cryptocurrency by mainstream investors, and the continued emergence of new DeFi platforms and protocols. However, the market is also likely to face challenges, such as regulatory uncertainty and security concerns, which could impact its growth in the coming years.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on transaction values / revenues / assets under management and user data of relevant services and products offered within the FinTech market.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players, industry reports, third-party reports, publicly available databases, and survey results from primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, population, internet penetration, smartphone penetration, credit card penetration, and online banking penetration. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.